FX:AUDUSD Australian Dollar/U.S. Dollar
AUDUSD sellers are testing the waters below the bottom and looking to take out the April 21 low, 7682. A break below there would target the multi-year lows around .7550. On the other hand, a false break/trip back above the top, would negate the and suggest pair is actually ranging. We are short from .7756 with a breakeven plus 2 stop - ready for either scenario.